No guarantee yet of cheaper petrol as R10bn fuel Bill moves forward

The Standing Committee on Appropriations has approved a report on a proposed R10 billion special appropriation bill to support the Equalisation Fund within the Central Energy Fund, aimed at stabilizing fuel prices. Committee chairperson Dr Mmusi Maimane urged for the intervention to provide relief before December. The funding is intended to address fuel price volatility caused by the Middle East conflict, but details on how it will work, who will benefit, and its impact remain unclear. The bill has yet to be debated and approved by the National Assembly, with calls for increased oversight to ensure proper use of the funds.